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Blue Cash Preferred® Card from American Express boosts welcome bonus to $250

Summary

If you’re looking for a way to earn a generous amount of cash back in a short period of time, the Blue Cash Preferred cards from American Express should be on your radar.

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If you’ve been considering a Blue Cash card from American Express, you’ll be happy to learn that the cards just got even more appealing – thanks to an elevated welcome bonus for the Blue Cash Preferred® Card from American Express.

Now, new Blue Cash Preferred cardholders can earn $250 cash back when they spend $1,000 in the first three months of card membership – an increase of $50 over the previous offer. The Blue Cash Everyday® Card from American Express, on the other hand, continues to offer $150 cash back when you spend $1,000 in the first three months.

Along with a higher welcome bonus, the Blue Cash Preferred card also updated its rewards rate and card art. See the card changes in the table below.

Blue Cash Preferred card changes

Previous offerUpdated offer
Card artBlue Cash Preferred CardBlue Cash Preferred Card
Introductory bonus
  • $200 cash back after $1,000 spend in the first 3 months
  • Terms apply
  • $250 cash back after $1,000 spend in the first 3 months
  • Terms apply
Rewards rate
  • 6% cash back at U.S. supermarkets (up to $6,000 per year, then 1%)
  • 3% cash back at U.S. gas stations
  • 1% cash back on all other purchases
  • Terms apply
  • 6% cash back at U.S. supermarkets (up to $6,000 per year, then 1%)
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit
  • 3% cash back at U.S. gas stations
  • 1% cash back on all other purchases
  • Terms apply

As you can see, the Preferred card added two new bonus categories. Beginning May 9, 2019, cardholders will earn 6 percent cash back on select U.S. streaming subscriptions and 3 percent back on transit purchases. The department stores category, however, has been removed.

Note, if you applied for the Preferred card prior to May 9, you will continue to earn 3 percent cash back at select U.S. department stores until July 31.

Which card is better?

Along with a higher introductory bonus, the Blue Cash Preferred card offers a higher rewards rate than that of the Blue Cash Everyday card – which may make the Preferred card seem like the obvious choice.

But, since the Preferred card includes a $95 annual fee, you may be wondering: Is the Preferred card really the best value? Check out our side-by-side comparison below to see for yourself.

Comparing Blue Cash Preferred and Everyday cards

Blue Cash Everyday
Blue Cash Everyday
Blue Cash Preferred
Blue Cash Preferred
Rewards rate
  • 3% cash back at U.S. supermarkets (up to $6,000 in purchases per year, then 1%)
  • 2% cash back at U.S. gas stations and select department stores
  • 1% cash back on general purchases
  • Terms apply
  • 6% cash back at U.S. supermarkets (up to $6,000 per year, then 1%)
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit
  • 3% cash back at U.S. gas stations
  • 1% cash back on all other purchases
  • Terms apply
Introductory bonus
  • $150 after $1,000 spend in first 3 months
  • Terms apply
  • $250 after $1,000 in first 3 months
  • Terms apply
Annual fee$0$95
Estimated value in first year ($15,900 spend)$411$554

Even with its high annual fee, we believe that the Preferred card offers a better value over the Everyday card.

Based on an average consumer’s spending on gas, groceries and department stores, we estimate that you can earn $554 in cash back on $15,900 spend with the Blue Cash Preferred card in the first year. This takes into account the annual fee, the $250 welcome bonus and cash back earned in all spending categories.

With its smaller introductory bonus and half as much cash back on grocery purchases, the Blue Cash Everyday card’s average earnings add up to $411 in the first year – that’s $143 less than the Preferred card’s earnings.

Once you’ve completed the first year of card membership, the difference in value between the two cards is closer, but the Preferred card still wins. Without the benefit of the welcome bonuses, the Preferred card offers $406 in value on average, while the Everyday card only offers $310 – a difference of $96.

For the majority of cardholders who are committed to using the card, the $95 annual fee for the Blue Cash Preferred card is worth it – both in the short and long term.

See related: Enhanced Blue Cash Preferred Card to add bonus categories and $250 welcome bonus, Best credit cards for streaming services

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

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Published: May 9, 2019

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Credit Card Rate Report Updated: June 19th, 2019
Business
15.61%
Airline
17.54%
Cash Back
17.68%
Reward
17.57%
Student
17.79%

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